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Lemonade

215 hedge funds and large institutions have $637M invested in Lemonade in 2023 Q4 according to their latest regulatory filings, with 47 funds opening new positions, 57 increasing their positions, 55 reducing their positions, and 33 closing their positions.

New
Increased
Maintained
Reduced
Closed

48% more call options, than puts

Call options by funds: $70.7M | Put options by funds: $47.6M

46% more capital invested

Capital invested by funds: $436M → $637M (+$201M)

42% more first-time investments, than exits

New positions opened: 47 | Existing positions closed: 33

6% more funds holding

Funds holding: 203215 (+12)

2.64% more ownership

Funds ownership: 53.81%56.44% (+2.6%)

4% more repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 55

0% more funds holding in top 10

Funds holding in top 10: 22 (0)

Holders
215
Holders Change
+12
Holders Change %
+5.91%
% of All Funds
3.13%
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
47
Increased
57
Reduced
55
Closed
33
Calls
$70.7M
Puts
$47.6M
Net Calls
+$23.1M
Net Calls Change
+$14.6M
Name Holding Trade Value Shares
Change
Change in
Stake
SoftBank Group
1
SoftBank Group
Japan
$193M
Vanguard Group
2
Vanguard Group
Pennsylvania
$83.8M +$2.87M +190,226 +4%
Baillie Gifford & Co
3
Baillie Gifford & Co
United Kingdom
$73.4M -$2.38M -158,096 -3%
BlackRock
4
BlackRock
New York
$65.6M +$5.87M +389,592 +11%
Geode Capital Management
5
Geode Capital Management
Massachusetts
$19.4M +$862K +57,224 +5%
State Street
6
State Street
Massachusetts
$18.9M +$674K +44,712 +4%
Morgan Stanley
7
Morgan Stanley
New York
$18.2M +$7.15M +474,559 +73%
Millennium Management
8
Millennium Management
New York
$11.8M +$215K +14,283 +2%
Susquehanna International Group
9
Susquehanna International Group
Pennsylvania
$10.8M -$2.1M -139,662 -17%
Legal & General Group
10
Legal & General Group
United Kingdom
$8.64M +$84.2K +5,590 +1%
Northern Trust
11
Northern Trust
Illinois
$8.01M +$301K +19,954 +4%
Jane Street
12
Jane Street
New York
$7.66M +$6.23M +413,750 +679%
Charles Schwab
13
Charles Schwab
California
$7.42M +$103K +6,809 +2%
Goldman Sachs
14
Goldman Sachs
New York
$6.82M +$3.63M +241,097 +133%
D.E. Shaw & Co
15
D.E. Shaw & Co
New York
$6.53M +$2.97M +196,804 +95%
HFF
16
Halter Ferguson Financial
Indiana
$6.43M +$6M +398,557 New
Citadel Advisors
17
Citadel Advisors
Florida
$5.93M +$94.1K +6,244 +2%
Bank of New York Mellon
18
Bank of New York Mellon
New York
$5.09M +$1.3M +86,477 +38%
Group One Trading
19
Group One Trading
Illinois
$4.44M +$3.33M +220,943 +409%
PC
20
PhiloSmith Capital
Connecticut
$3.95M +$1.21M +80,000 +48%
Capital Fund Management (CFM)
21
Capital Fund Management (CFM)
France
$3.95M -$916K -60,774 -20%
PAM
22
Panagora Asset Management
Massachusetts
$3.7M -$768K -50,999 -18%
Marshall Wace
23
Marshall Wace
United Kingdom
$3.46M +$1.13M +74,694 +53%
Bank of America
24
Bank of America
North Carolina
$2.85M -$3.71M -246,157 -58%
SC
25
Sculptor Capital
New York
$2.42M

LMND Hedge Fund Activity: Q4 2023 in Review

215 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Lemonade (LMND) for Q4 2023, worth a combined $637M — up 46% from $436M a quarter earlier.

Buyers outnumbered sellers: 47 funds opened new LMND positions and 33 closed out — a net gain of 14 holders — while 57 added to existing stakes and 55 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $7.15M. The largest seller was General Catalyst Group Management, exiting entirely with an estimated $9.37M sold.

  • 215 institutional investors held Lemonade (LMND) as of Q4 2023, up from 203 in Q3 2023.
  • Funds reported $637M of Lemonade stock for Q4 2023, up 46% quarter-over-quarter.
  • 47 funds opened new Lemonade positions in Q4 2023 and 33 closed out, a net change of +14 holders.
  • The largest Lemonade buyer in Q4 2023 was Morgan Stanley, an estimated $7.15M added.
  • The largest Lemonade seller in Q4 2023 was General Catalyst Group Management, an estimated $9.37M sold.

Based on aggregated 13F filings for Q4 2023.